Plan Snapshot
- Plan Sponsor: Gly Construction, INC.
- Sponsor EIN: 910817919
- Sponsor Address: 14432 SE EASTGATE WAY, BELLEVUE, WA, 98007
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 183
- Total Assets: $104.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 183 | $104.1M | $1.6M | $2.8M |
| 2023 | 197 | $100.4M | $1.7M | $2.7M |
| 2022 | 209 | $79.3M | $1.9M | $3.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ROBERT W. BAIRD & CO. | Investment Advisor | $75,000 | — | $75,000 |
| CAPITAL GROUP RETIREMENT PLAN SERVI | Recordkeeper | $27,233 | — | $27,233 |
| DEFINITI, LLC | Recordkeeper | $16,325 | — | $16,325 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,558
- Estimated Expense Ratio: 0.114% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $116,308 | $75,000 | $16,325 | — | — |
| 2023 | $108,570 | $75,000 | $12,560 | — | — |
| 2022 | $108,445 | $22,733 | $11,015 | — | $74,697 |